Artificial intelligence is poised to concentrate economic power and wealth in the hands of a few, but this reality should not prevent societies from using the technology to address critical challenges, according to Infosys co-founder and non-executive chairman Nandan Nilekani.
Speaking at an event hosted by the Asia Society, Nilekani acknowledged the growing influence of AI and the unequal outcomes it could produce, reportedBusiness Today. “Obviously, there is going to be a concentration of wealth and power with AI… we can’t fight that. Forces at play are much bigger than any of us,” he said. However, he added that it remains essential for those in positions of influence to steer the technology towards more inclusive and socially beneficial outcomes.
The report added that Nilekani, who has previously led the development of large-scale digital infrastructure projects such as Aadhaar and the Unified Payments Interface (UPI), argued that AI…
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